Obama's deficit plan: half tax increases, half cuts, and no increase age of Medicare!

[kpete]

Obama will be unveiling is own deficit plan that consists of $3 trillion of deficit reduction. It is his own plan that if would propose in a perfect world and it isn't a "compromise"http://online.wsj.com/...
http://online.wsj.com/article/SB10001424053111904106704576579090001282966.html

In addition to not including any changes to Social Security, Mr. Obama won't call for raising the Medicare eligibility age from 65 to 67, an idea he was willing to agree to in negotiations this summer with House Speaker John Boehner (R., Ohio). His proposed changes to Medicare are expected to focus on cutting payments to providers of medical services, people familiar with the plan said.

http://www.dailykos.com/story/2011/09/18/1018087/-BREAKING:-Obamas-deficit-plan:-half-tax-increases,-half-cuts,-and-no-increase-age-of-Medicare!?via=siderecent

[xchrom]

1. A little Day Light. Nt

[Pirate Smile]

2. These looked like important points to me:

"I think this is less 'Let's be the grownups in the room and start at the 50 yard line,' and more 'Let's start on our side of the field,'" said Jared Bernstein, former economic adviser to Vice President Joe Biden.

-snip-
A White House official disputed GOP contentions that Mr. Obama is seeking tax increases in the current weak economy. "Let's be clear, the president is not proposing a single penny of tax increases this year or next, on even high-income people," said Gene Sperling, the president's top economic adviser.

The more than $1.5 trillion in tax increases that Mr. Obama is expected to propose would include the expiration in 2013 of the Bush-era tax cuts for families making more than $250,000 a year. Mr. Obama will also include a set of tax increases he put forward last week to pay for his $447 billion jobs bill: limiting itemized deductions for families with taxable income of $250,000 or more a year, and ending tax breaks for oil companies, corporate-jet owners and investment-fund managers.

-snip-
In addition to not including any changes to Social Security, Mr. Obama won't call for raising the Medicare eligibility age from 65 to 67, an idea he was willing to agree to in negotiations this summer with House Speaker John Boehner (R., Ohio). His proposed changes to Medicare are expected to focus on cutting payments to providers of medical services, people familiar with the plan said.